QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
−Removed: We had an outstanding aggregate balance of $1,616.9 million under the Term Loan as of June 30, 2024.
+Added: We had an outstanding aggregate balance of $1,812.3 million under the Term Loan as of September 30, 2024.
Under our Term Loan, we pay interest at an annual rate equal to SOFR plus 2.25%, with a 0.75% SOFR floor.
2 unchanged sentences
For every SOFR increase of 25 basis points above the level of the Cap, we expect our annual interest expense to increase by an additional $2.0 million related to the unhedged portion of the Term Loan.
−Removed: We had an outstanding balance of $50.0 million under our Revolving Facility as of June 30, 2024.
−Removed: The Revolving Facility bears interest at SOFR plus 2.5%, without a SOFR floor.
−Removed: For every SOFR increase of 25 basis points, we expect our annual interest expense to increase by an additional $0.1 million related to the Revolving Facility.
Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents, as well as accounts receivable.
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.